MIRA INFORM REPORT

 

 

Report Date :

16th June, 2006.

 

IDENTIFICATION DETAILS

 

Name :

GHAZI BROTHERS

 

 

Registered Office :

Ghazi House, D-35, KDA Scheme No. 1, Miriam Muhammad Shah Road, Karachi, Pakistan.

 

 

Country :

Pakistan

 

 

Date of Incorporation :

1991

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Import & trading of Pharmaceutical Products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Business Name


GHAZI BROTHERS

 

 

Full Address       

 

Registered Address

Ghazi House, D-35, KDA Scheme No. 1, Miriam Muhammad Shah Road, Karachi, Pakistan

Tel        : 92 (21) 4853004, 4853005, 4543783

Fax      : 92 (21) 4549763

Email    : mirfan1@attglobal.net

 

 

Short Description Of Business

 

Nature of Business    :Import & trading of Pharmaceutical Products.

 

Year Established        : 1991

 

 

Branches

 

Address      :GHAZI HOUSE 95-A-1, Satellite Town, Rawalpindi - 46300, Pakistan.

Tel                 : #92 (51) 4582053

 

Address      :20-Farid Plaza, 1st Floor, 65 Shadman Market, Lahore, Pakistan.

Tel                 : #92 (42) 7535048

 

 

Legal Status            

 

Subject Company was established as a Proprietorship business in 1991

 

Authorized Capital              Not applicable in Sole Proprietorship Business as per law in Pakistan.

            Issued & Paid up Capita l  - Do -

 

 

Details of Proprietor

 

Names                        Nationality       Address                           Occupation      Designation

Mr. Muhammad            Pakistani           GHAZI HOUSE B              Business           Proprietor

Irfan Ghazi                                               -32, Al-Hilal Society

                                                                 K.D.A., University Road,

                                                                 Karachi.                                                    

 

Associates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

 

Subsidiary

 

None                                      

 

Associated Companies

 

- Do -

 

 

Product/Services

 

Import & sale of Pharmaceuticals / Biologicals.

 

 

Number of Employees

 

Between 70 & 75

 

 

Annual Production Volume

 

Not applicable because of Trading Business.

 

 

Annual Sales Volume

 

Year                                                                         In Pak Rupees

2005                                                                         100,000,000/- (Estimated)

 

 

Agencies (Foreign)

 

IZO S.P.A., Italy.

LG Life Science Ltd, South Korea.            

 

 

Customers

 

Government of Pakistan.

Government of Sindh.

Government of Punjab.

Pakistan Army.

 

 

Bankers and their addresses

 

Habib Bank AG Zurich, Clifton Branch, Karachi, Pakistan.

Prime Commercial Bank Limited, Shahrah -e- Faisal Branch, Karachi, Pakistan.

 

 

Comments

 

GHAZI BROTHERS was established in 1991 as a Pharmaceutical Import, Marketing, and Distribution Company. The Head Office is located in Karachi. The Proprietor is well established from decades and resourceful in his field. The office set-up is good looking and occupy complete spacious bungalow and staff employed is reasonably skilled. They are very conservative in respect of disclosing any information about the concern and its operations. Trade relations are reported as fair.  Payments to creditors etc are reported as normal. The Concern can be considered for normal business dealings at usual trade terms and conditions.

           

 

 

 

 

 

 

 

 

 

 

 

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions